First Hungary Fund's stake in NABI drops

Sunday, September 18, 2005, 00:00

The stake held by First Hungary Fund in Hungarian bus maker NABI Rt fell to 37.28% from 54.06%, NABI said yesterday. Nabi said on Sept. 13 that the fund started distributing its shares in NABI to various shareholders of the fund. The fund decided to liquidate the stake at the end of last year. In addition to fund members, some shares are expected to be sold to strategic investors. The fund distributed a 8.21% NABI stake to its shareholders on September 29 and distributed another 8.57% package on September 21. (Econews; NG 11)

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